Supreme Court · 2015 INSC 827 · Decided 4 November 2015
Vse Stock Services LTD. v. S.E.B.I. &ANR.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 827 · [2015] 12 S.C.R. 909
- Case number
- CIVIL APPEAL No. 4664/2006
- Decided
- 4 November 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Securities & Exchange Board of India (Stock Brokers and Sub-Brokers) Regulation.s, 1992- Reg 10(1) read with schedule Ill - Fee continuity benefit- Entitlement- Parent c company incorporated a subsidiary company (company limited by guarantee) and got membership of Bombay stock exchange but - To overcome this, the parent company incorporated another subsidiary company-appellant D company, (company limited by stocks) - Said company obtained membership of NSE but SEBI refused to grant recognition since only one subsidiary could claim registration as a broker - Subsequently, to
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